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(Loans) Subject: Announcement of Title IV Student Loan Management/Servicing Contract

Posted Date:June 17, 2009

Author: James F. Manning, Acting Chief Operating Officer

Subject: Announcement of Title IV Student Loan Management/Servicing Contract

Today, the Department awarded Title IV Student Loan Management/Servicing contracts to AES/PHEAA of Harrisburg, Pennsylvania; Great Lakes Education Loan Services, Inc. of Madison, Wisconsin; Nelnet, Inc. of Lincoln, Nebraska; and Sallie Mae Corporation of Reston, Virginia.

The award of these contracts provides the Department with the capacity necessary to support anticipated increases in the number of loans owned by the Department and ensures borrowers receive the assistance they need to effectively manage their federal student loan obligations.

Attached is a copy of the press release issued by the Department this afternoon.

Last Modified: 06/16/2009